The Economy Ministry obtained funds for AR$416 billion in the first bond auction of the year, more than it needed to cover its AR$352.32 billion maturities. The auction took place the day Minister Sergio Massa announced the buyback of US$1 billion of sovereign debt. “Offers were received for a total nominal value of AR$690 billion, allocating an effective value of almost AR$420 billion. It is the first time since September that the Ministry has offered a bond that will mature after the presidential election – a dollar-linked bond that matures at the end of October 2023. Seven types of bonds were offered in total, with maturities between April 28, 2023 and October 31, 2023.

Source: Bueno Aires Herald January 20, 2023 00:05 UTC